Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt.
The US dollar's position as the dominant global reserve currency is an immensely important factor in supporting the ballooning US government debt, the Fed's drunken money-printing, and Corporate America's ambition to offshore production to chea
Today, we're sharing an important update from WealthResearchGroup.com, which is paramount for understanding what comes next:
As for stock markets... the devil take the hindmost.
"IT DOESN'T MATTER WHO WINS, THE DOLLAR IS GOING TO BE DESTROYED!"
A sharp decline in the relative value of the dollar this year has been met with cheers from those hoping for a short-term boost to the US economy, and with hand-wringing by those worried about the currency's global standing. But while both views refl
A world reserve currency is supposed to be superior in storing value, but through boundless money-printing the U.S. dollar hasn't been able to compete with gold by a long shot...
As Countries Ditch Greenback For Bilateral Trade
In just the last two months of this federal fiscal year, the deficit run up by our government has exceed $1.3 trillion.
In recent articles for Goldmoney I have pointed out the dollar's vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling.
Leaked Data, BITCOIN Breaking Out - Programmer explains
Spot gold prices are rallying this morning, as the dollar dives, pushing to within a tick or two of May's highs... A breakout from here would take the price of the barbarous relic to 2012 levels and quickly beyond...
Beijing Sounds Alarm About Demise of Mighty Dollar
The world is having serious doubts about the once widely accepted presumption of American exceptionalism.
Few mainstream commentators understand the seriousness of the economic and monetary situation, ranging from a V-shaped rapid return to normality towards a more prolonged recovery phase.
"There is no country with more to lose from the disruptive potential of digital currency than the United States."
This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool fail
Doing "whatever it takes" to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to
The Fed just went full retard (even fuller retard than it had gone two weeks ago) and along with its promise to buy pretty much anything and make all collateral money-good, it has eased an apparent resurgence in dollar liquidity stresses.
Allison Bricker (Founder & CIO of LibertyTalk.FM) on media, censorship, coronavirus, etc... - Charles Goyette (Author, Commentator) comes on the show to talk about the economy, his recent book, The Last Gold Rush
"we expect Goldman to take the machete to this analysis as well in the coming days, because if the US economy is indeed paralyzed for at least one quarter, then all of GDP could be lost."
It's definitely a 'deer in headlights' day...
The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up.
Sees Gold Soaring As Dollar Loses Reserve Status